Biodiesel Market

The BOHO spread experienced a negative convergence of soybean oil and heating oil prices.  This caused the spread to push nearly five cents per gallon higher today, exceeding all of last week’s move. Heating oil prices fell more than two cents to $1.46 per gallon.  HO continues to follow crude lower and has declined in price in seven out of the past eight trading days. Lower HO prices were not alone in pushing the BOHO higher.  Soybean…